Investors lose confidence in India due to diesel ban
Investors are losing confidence and customers are unsure of what to do in the wake of diesel vehicles being targeted as the “main villain” for air pollution, especially in Delhi-NCR region, according
Investors are losing confidence and customers are unsure of what to do in the wake of diesel vehicles being targeted as the “main villain” for air pollution, especially in Delhi-NCR region, according to Maruti Suzuki India chairman R.C. Bhargava.
Stating that growth of the industry and creation of jobs are likely to be adversely impacted due to targeting of diesel vehicles, he said India seems to be applying “western remedies for pollution to our problem”.
He said the fundamental truth that dust is the major cause of pollution in National Capital Region is often forgotten.
Citing IIT Kanpur’s study on sources of pollution in NCR, he said it found that cars are not a significant contributor to PM 2.5 in NCR. “Yet, going by what has been happening, cars and especially diesel cars, are being treated as main villain for our polluted air. Not only are the measures being enforced unlikely to make any significant difference to the air quality, but the growth of the industry, and creation of jobs are likely to be adversely impacted,” he said.
Mr Bhargava said: “Investors are losing confidence, and customers are unsure of what to do regarding this.”
